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BRILLIANT’S Investment Accounting 287

Illustration 3.3.10
Food panda Ltd. bought and sold 6% stock as follows, interest being payable on 31st March
and 30th September each year:
2016
March 1 Bought ` 24,000 @ ` 90.875 ex-interest, brokerage ` 30
June 15 Sold ` 10,000 @ ` 92.625 cum-interest, brokerage ` 13
Aug. 1 Bought ` 6,000 @ ` 91.375 ex-interest, brokerage ` 8
Sept. 1 Sold ` 4,000 @ ` 93.125 ex-interest, brokerage ` 5
Dec. 1 Bought ` 12,000 @ ` 94.125 cum-interest, brokerage ` 15.
Prepare Investment Account for the year ended 31st December 2016. [Detailed workings are
to be given].
’y$S>nm§S>m {b{‘Q>oS> Zo {ZåZ{b{IV àH$ma go 6% ñQ>m°H$ IarXm VWm ~oMm, ã¶mO à{V df© 31 ‘mM© VWm 30 {gV§~a
H$mo ^wJVmZ {H$¶m OmVm h¡…
2016
1 ‘mM© ` 90.875 E³g-B§Q>aoñQ> na ` 24,000 IarXm, ~«moH$aoO ` 30
15 OyZ ` 92.625 H$‘-B§Q>aoñQ> na ` 10,000 ~oMm, ~«moH$aoO ` 13
1 AJñV ` 91.375 E³g-B§Q>aoñQ> na ` 6,000 IarXm, ~«moH$aoO ` 8
1 {gVå~a ` 93.125 E³g-B§Q>aoñQ> na ` 4,000 ~oMm, ~«moH$aoO ` 5
1 {Xg§~a ` 94.125 H$‘-B§Q>aoñQ> na ` 12,000 IarXm, ~«moH$aoO ` 15
31 {Xg§~a 2016 H$mo g‘má hþE df© Ho$ {bE B§doñQ>‘|Q> AH$mC§Q> V¡¶ma H$s{OE& [{dñV¥V d{Hª$J Xr OmZm h¡]
Solution: In the Books of Food panda Ltd.
6% Stock Account
Dr. [Interest Payable: 31st March and 30th September] Cr.

Date Particulars Nominal Inte- Cost Date Particulars Nominal Inte- Cost
Value rest (`) Value rest (`)

1.3.16 To Bank A/c 31.3.16 By Bank A/c
(WN1) 24,000 600 21,840 (WN2) - 720 -
15.6.16 To State. of 15.6.16 By Bank A/c
P & L (WN2) - - 25 (WN3) 10,000 125 9,125
1.6.16 To Bank A/c 1.9.16 By Bank A/c
(WN 4) 6,000 120 5,490 (WN5) 4,000 100 3,720
1.9.16 To State. of 30.9.16 By Bank A/c
P & L (WN5) - - 74 (WN6) - 480 -
1.12.16 To Bank A/c 31.12.16 By Bal. c/d
(WN7) 12,000 120 11,190 (WN8) 28,000 420 25,774
31.12.16 To State.
of P & L - 1,005 -
42,000 1,845 38,619 42,000 1,845 38,619